EconAir

  Adam Smith - Our Founding Father    It’s not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change. Charles Darwin Introduction and Summary This blog describes and analyzes economic development and economic growth since the start of the Industrial Revolution in the late 1700s.  Some writers describe the current economic trends as the Fourth Industrial Revolution. Other observers and commentators believe that information and communication technology and applications have become so central to the economy that we are in the Information Revolution. And others believe that we are at the beginning of the Biotechnology Revolution. This book will concentrate on the ongoing, underlying dynamics of economic change and, for simplicity, will use Industrial Revolution as the historic label. But it will stress the vital role that information plays in economic development and economic growth.  The information revolution was an integral part of th